As COVID-19 remains prevalent around the world, terminals have had to adapt their business strategies to meet the challenges brought on by the pandemic, according to industry research done by Navis. Navis surveyed over 165 customers across the glo...
In the first quarter of 2020, changing conditions have had an impact on both the revenue and the earnings of the Hamburger Hafen und Logistik AG (HHLA). In a statement, HHLA also said that a “significant decline in revenue and earnings” is expecte...
US container ports are likely to see a double-digit decline in imports for the majority of 2020 as they struggle to come to terms with the effects of the COVID-19 pandemic, according to the National Retail Federation (NRF). In a statement, the NRF...
Cargotec and Jiangsu Rainbow Heavy Industries Co., Ltd. (RHI) plan together to change the ownership structure of their joint venture Rainbow-Cargotec Industries Co., Ltd (RCI) in China. The joint venture was established in 2012, and since then, RC...
Westports Holdings Berhad (Westports) suffered a drop in TEU throughput in the first quarter of 2020, as its transshipment volume fell by 8% as a result of the COVID-19 pandemic. In its latest financial results, the Malaysian port said its revenue...
The need for ships to change crews and for seafarers to fly home at the end of their periods of service have emerged as two of the biggest challenges facing the shipping industry as a result of the COVID-19 pandemic. Now, IMO Secretary-General Kit...
The COVID-19 pandemic has caused uncertainty for ports, shippers and the wider maritime industry, such as container congestion and and decreases in volume. It has also had a profound effect on ports’ digital infrastructure. In the words of Realtim...
Jawaharlal Nehru Port Trust (JNPT), India’s largest container port, registered a throughput of 283,802 TEU in container handling during April 2020. The import container volume of April 2020 represents 80% of the imports handled in April 2019 and o...
Crowley Maritime has agreed a contract to install Fleet Xpress from Inmarsat on a majority of its vessels. The Florida-headquartered, global energy, maritime and logistics services company owns, operates and manages a diverse fleet of close to 200...
